Ropes & Gray congratulates HongDao Advisors (HongDao) on the successful closing of three of its recent investment transactions. Ropes & Gray acted as HongDao’s legal counsel on all three transactions.

In February 2016, HongDao investment funds invested over USD 10 million in Lagou Information Limited and subscribed for newly issued Series C preferred shares of the company. Lagou Information Limited is a company focused on online human resources solutions in China.
Earlier in January 2016, HongDao investment funds also closed an investment in WeBus Holding Ltd. HongDao invested over USD 8 million by purchasing outstanding shares from the existing shareholders and subscribing for newly issued Series B1 preferred shares of the company. WeBus Holding Ltd. is a leading developer of real-time transport timetable applications for the China market.
HongDao investment funds made the first of its recent USD investments in November 2015, at which time HongDao invested over USD 8 million in the series A financing round of Demiurge Technologies AG. Demiurge is in the field of artificial intelligence, and aims to develop the next generation of neural networks and neuromorphic chips from a rebuilt foundation of mathematics, physics and computer science.
With over USD 200 million under management across its funds, HongDao targets investments in high-growth early-stage companies, with a focus on new technology, internet finance, big data, mobile apps, content and entertainment.
Ropes & Gray has advised HongDao with a team led by Geoffrey Chan (Picture).